#EURUSD 16 04 2021
I would like to remind you that yesterday we expected the price to fall from the 1.199 resistance zone and as you can see today the price really reversed from this resistance and showed a slight fall. After the price showed a strong increase from the 1.170 support zone, where the level, the lines of 2019 and 2007, and the turn line of January 2021 intersect, the price broke through the channel line 1.189. Then it fixed on it and rose to the resistance line 1.199. This line has been on the chart since February 2019. Now I expect the price to reverse and fall back to the 1.176 support line. This will be our goal.
I would like to remind you that yesterday we expected the price to fall from the 1.199 resistance zone and as you can see today the price really reversed from this resistance and showed a slight fall. After the price showed a strong increase from the 1.170 support zone, where the level, the lines of 2019 and 2007, and the turn line of January 2021 intersect, the price broke through the channel line 1.189. Then it fixed on it and rose to the resistance line 1.199. This line has been on the chart since February 2019. Now I expect the price to reverse and fall back to the 1.176 support line. This will be our goal.